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Technology Stocks : Ciena (CIEN)

CIEN 209.52

+1.0%

Nov 12 4:00 PM EST

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To: john dodson who wrote (5918)	12/15/1998 11:22:00 PM
From: PAL	Read Replies (1) of 12623

From "The Bull Market Report" Tuesday, Dec 15, 1998: $$$$$ CIENA CORPORATION UPDATE We waited all day for a representative of Ciena (CIEN) to call us about the prospects for the next six months and just before we published we got a call from Suzanne DuLong, the head of Investor Relations. The long and the short of it is that Ciena is going to have a rough year in 1999. The competition is tough and pricing is under pressure. The good news is that they are the only firm shipping the 40 channel boxes and their competition is having trouble with 16 channels. What to expect? Look for revenues of $500 million - about the same as last year and earnings to come in around 30 cents. 2000 is the key to this company but that's a long way off. If you would like to listen to the conference call for analysts whereby management discussed the latest earnings release and prospects for the future, you can call 800-753-9756 or internationally at 402-222-9930. There is no password required for Bull Market Report subscribers. We will make a decision about Ciena tomorrow.

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